KoreaTimes - Editorial

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Opinion

Editorial

Sun, December 4, 2022 | 10:15

Launch of education commission

The presidential National Education Commission (NEC) responsible for establishing the nation's medium- to long-term education policy was launched on Tuesday. The NEC is a consent-based administrative agency that was created by enacting related laws to ensure that educational policies are implemented stably and consistently based on social consensus. When the government change...

2022-09-29 17:02

Deepening political quagmire

A political confrontation is escalating between the ruling and opposition camps over President Yoon Suk-yeol's reported use of foul language last week during his visit to New York for the U.N. General Assembly. On Tuesday, the main opposition Democratic Party of Korea (DPK) submitted a motion to the National Assembly, requesting Yoon sack Foreign Minister Park Jin for the dip...

Shim Jae-yun2022-09-28 17:00

Opposition leader targeted

Prosecutors raided 10 corporate offices, including internet portal Naver, Monday, over allegations that Lee Jae-myung, chairman of the main opposition Democratic Party of Korea (DPK) who served as mayor of Seongnam from 2010 to 2018, received donations from companies via Seongnam FC, the city's football club. The Seongnam branch of the Suwon District Prosecutors' Office sent ...

2022-09-28 16:01

Tough road ahead

Daewoo Shipbuilding Marine Engineering Co. (DSME) has signed a preliminary investment deal with Hanwha Group, paving the way for the latter's takeover of the debt-ridden shipyard. Under the memorandum of understanding (MOU) signed between the two, Hanwha's subsidiaries will participate in a 2 trillion won ($1.4 billion) rights offering for a 49.3 percent stake.

Shim Jae-yun2022-09-28 10:05

Anachronistic regression

The Ministry of Gender Equality and Family has changed its position on recognizing common-law marriage and cohabitating households as legal families. The liberal opposition Democratic Party of Korea proposed an amendment recently to the Framework Act on Healthy Families, aiming to delete a clause in the act that defines family as a “unit formed by marriage, blood ties and ado...

Shim Jae-yun2022-09-27 17:12

Apologize for controversy

President Yoon Suk-yeol is expected to continue to confront controversy over the reported use of foul language during his three-nation visit last week. Now he needs to reflect on his failure to hold a summit with U.S. President Joe Biden. Most of all, he should figure out why he had to go through such lengths to realize a one-on-one meeting with Japanese Prime Minister Fumio ...

Park Yoon-bae2022-09-26 17:05

Banks' greedy pursuit of profits

The difference between the average interest rate on loans and the average rate on deposits has widened even as the government has introduced the interest rate disclosure system.

2022-09-26 16:53

Shock from strong dollar

Korea was again hit by financial turmoil triggered by the U.S.' aggressive monetary tightening. The Korean currency plunged to its lowest level against the U.S. dollar in 13 years and six months Friday after the U.S. Federal Reserve raised its key interest rate by 75 basis points for a third straight time.

Park Yoon-bae2022-09-25 17:10

Eased mask mandate

Starting today, Koreans don't have to wear masks outdoors. Under the eased rule, individuals at outdoor gatherings of 50 or more people, sporting events and concerts will not be required to wear masks. This is the first time in about two years that the government wholly lifted the outdoor mask mandate. However, quarantine authorities have decided to maintain the indoor mask m...

2022-09-25 16:45

Aborted ROK-US summit

President Yoon Suk-yeol has come under criticism for his clumsy diplomatic activities on the global stage. For starters, Yoon met U.S. President Joe Biden in New York, Wednesday. Yet it was far from a summit meeting - just a mere 48-second encounter at a fundraising event. Also, Yoon managed to meet with Japanese Prime Minister Fumio Kishida the same day, but the Japanese sid...

Shim Jae-yun2022-09-23 17:00

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